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Bitcoin (BTC) Trades Under the Big Falling Wedge
31.12.2019
Volatility is incoming as daily prices may see a rise in value to test the trendline at $7600. Weekly BTC prices are still trading inside the declining channel and can go down further to complete this pattern. Bitcoin Price Prediction Weekly prices are trading at a 61.8% Fib level and it...
Wazirx CEO on 2020 Outlook, RBI Ban, Crypto Regulation for India
30.12.2019
The Indian crypto community has had an eventful year, with a bill on the horizon, the RBI ban’s supreme court hearing, and the community’s efforts toward positive crypto regulation. News.Bitcoin.com interviewed Nischal Shetty, CEO of local crypto exchange Wazirx, about what the Indian...
Bitcoin (BTC) Starts the Week with an Upsurge; May End the Year Neutrally
30.12.2019
Bitcoin manages to grow marginally over the last 24 hours The next halt may come by $7531 Bitcoin has not been able to fetch any significant upsurge to end the year with a bullish note. Over the last one month, the trend of BTC has shown numerous price fluctuations. However, the price has traded...
Bitcoin Throws Bullish Signals as it Gains Support from Daily MAs
28.12.2019
Bitcoin currently trades stably around $7,200 and $7,300 price area; at the press time, BTC was at $7,286.55. Interestingly, the king of the cryptocurrencies is trading with total support from the daily moving averages and is under the ‘buy phase’. We are likely to see this influence on the altcoin...
Close to 14,000 Google Scholar Articles Mentioned Bitcoin in 2019
25.12.2019
On January 3, 2020, the Bitcoin network officially turns 11 and the technology has transformed the lives of many. Since blockchain’s inception, scholars and economists have rigorously studied and written thousands of academic papers covering the subject. In 2019, there were more than 13,700...
Bitcoin Technical Analysis: Is Bitcoin (BTC) DEAD?
25.12.2019
Bitcoin resorts back to its stable momentum and trades at $7,238.56; at the press time BTC/USD gains imminent support from the short-term moving averages and is finely lured by the 100-day daily Moving Average The bearishness prevails, and the selling pressure remains dense as we await a notable...
Chinese Police Clamps Down Fraudulent Bitcoin Miners and Scammers
25.12.2019
In a major clampdown, the police forces hailing from Tangshan city, China have confiscated 6,890 bitcoin rigs operating in the region, stated the report furbished by the China Central Television, the state broadcaster on Monday. The report suggested that the strict action was a joint effort...
Bitcoin Technical Analysis: Reversal or Dead Cat Bounce?
24.12.2019
Weekly prices are held by the 61.8% Fib level support at $7213, prices are trying to do S/R flip of 49 days SMA (Simple Moving Average) and 9 days SMA denoted by the green line and blue line respectively in the below-given chart. Weekly prices have been rejected by the 9 days SMA previously;...
Is Bitcoin Awaiting an Entry to the Bull Run? Can $8,000 Possibly be the Next Target?
23.12.2019
Bitcoin hits above the major resistance $7,500 price area and currently trades at $7,545.45 In the past five days, BTC has shown a growth of over 18% ranging to $7,640.99 from $6,429.51 The parallel lines hint towards a Bull Run, and the current movement of the coin seems to have gained momentum...
Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency
21.12.2019
At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim...
Bitcoin Prices Are Affected by Several Factors Besides High Costs of Mining
20.12.2019
Bitcoin, one of the most popular cryptocurrencies, has always been in the news whether for the right reasons or the wrong ones. This is because Bitcoin has experienced unprecedented growth over the last decade and has drawn attention over various issues like security, anonymity, stability,...
Win Big with Smart Strategies for Bitcoin Dice
20.12.2019
The present era of millennials is all about the adoption of the best technological solutions and user-friendly pedagogies that have the potential to cater to their requirements in the shortest time and in a budget-friendly manner. This new-age thinking popularized the use of cryptocurrencies...
France Approves First ICO
19.12.2019
The French financial markets regulator, the Autorité des Marchés Financiers (AMF), has made its first initial coin offering (ICO) approval. While token sales remain legal as a fundraising option in France, only those that have been approved by the AMF may be marketed directly to...
Bitcoin Holds an Important Support at $6.4k and Takes an Intraday Positive Move
19.12.2019
Bitcoin’s intraday positive movement has taken the coin to trade above $7,000, and more importantly, the coin has even hit $7,400 in the said duration. As per the commodity trader virtuoso, Peter Brandt, Bitcoin has rightly managed to support at $6.4k, which happens to be a potential support area...
Erisx Launches Regulated Bitcoin Futures Market
18.12.2019
Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S....
Bitcoin Fails to Repeat the History it Created 2 Years Back; Dips to $6,500
18.12.2019
Bitcoin trades at $6,610.60—marking half of the highest price hit this year. The fun fact here is that exactly today, Bitcoin had hit $20,000 (all-time high) two years back in 2017 and currently, two years down the line, we have a moderate adoption of cryptocurrency as the price plummets. Take...
Fidelity Launching Crypto Services in Europe, Citing ‘Significant Interest’
18.12.2019
Fidelity Investments is expanding its crypto services to European clients after seeing increasing potential in this market. The expansion builds upon the company’s U.S. crypto business. “We’ve seen significant interest and engagement by the institutional community, which show...
Bitcoin (BTC) Drops Below $7k; Expected to Bounce Back from $6.1k
17.12.2019
The short-term outlook of Bitcoin against the US Dollar is bearish, and it is moving towards key support area and weekly 78.6% Fib Level. Overall weekly prices are still above 200 days SMA denoted by the red line in the below-given charts. Bitcoin Price Prediction Weekly BTC prices have fallen...
Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy
16.12.2019
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other...
German Banks Increasingly Charging Retail Clients Negative Interest Rates
16.12.2019
A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the near future. As the European Central Bank...